American Tower says may have to record more option charges

LONDON (MarketWatch) -- American Tower Corp.
AMT, -1.03%
said it may have to record additional non-cash charges for stock-based compensation expense, as the company's special commitee reviews stock option grants. The special committee reached a preliminary conclusion that actual measurement dates for financial accounting purposes of certain stock option grants likely differ from the recorded grant dates of such awards. The Boston-based owner of broadcast and wireless communications sites said it may have to restate financial statements, but it doesn't expect the review to result in material changes to historical revenue or non-option related operating expenses.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.